Wind Turbine Rotor Blade Market Report and Forecast 2025-2034

The global wind turbine rotor blade market attained a value of about USD 6.19 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 6.00% to reach nearly USD 11.09 Billion by 2034.

Increasing Demand for Wind Energy Bolstering the Growth of the Wind Turbine Rotor Blade Industry

The rising demand for alternative sources of energy is surging the use of wind turbines, which is propelling the market growth of wind turbine rotor blade. The growing deployment of wind turbines can be attributed to the depletion of petroleum resources, which is increasing the requirement for a novel and efficient source of energy.

As wind turbines are environmentally friendly and do not utilise any limited resource, they are increasingly being preferred. Hence, the increasing use of wind turbines to generate energy is augmenting the growth of the wind turbine rotor blade industry. Moreover, the growing demand for innovative wind turbine rotor blades to enhance the energy efficiency and performance of wind turbines is fuelling the industry growth. The use of innovative wind turbine rotor blades made of plastics, aluminium, and wood, among others, to boost their durability and affordability is providing further impetus to the growth of the market.

Wind Turbine Rotor Blade: Market Segmentation

A wind turbine rotor blade is a component of a wind turbine that converts kinetic energy to torque. It is essential for the optimal functionality of wind turbines. It typically consists of three blades with low inertia and excellent mechanical strength to enable the smooth functioning of turbines. This makes them ideal for use in the generation of renewable energy.

The major locations of deployment of wind turbine rotor blade are:

• Onshore
• Offshore

The market can be broadly categorised on the basis of its blade materials into:

• Carbon Fibre
• Glass Fibre
• Others

The report looks into the regional markets of wind turbine rotor blade like:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Development of Efficient Wind Turbine Rotor Blades to Augment the Market Growth

The development of wind turbine rotor blades with the design of aircraft wings to boost operational efficiency is expected to bolster the growth of the market. In addition, the use of advanced materials, such as epoxy and glass fibre reinforced plastics and wind turbine rotor blades in the production of wind turbine rotor blades is invigorating the market growth. The increasing research activities to develop lightweight wind turbine rotor blades to boost energy efficiency is providing further impetus to the market growth.

The market is expected to be driven by the increasing investments in wind energy by various governments. For instance, the United Kingdom government, in March 2021, announced that it would invest 95 million pounds for expansion in offshore wind farms. Moreover, the growing demand for sustainable and wind turbines is leading to the development of recyclable wind turbine rotor blades, which is projected to propel the growth of the market growth.

Key Industry Players in the Global Wind Turbine Rotor Blade Market

The report presents a detailed analysis of the following key players in the global wind turbine rotor blade market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• TPI Composites Inc.
• Nordex SE
• Siemens Gamesa Renewable Energy SA
• Vestas Wind Systems A/S
• MFG Wind
• General Electric
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.